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Beta Systems Software AG

Beta Systems: Group restructuring continues at pace

Berlin (ots)

- Group-wide restructuring and focus on three business segments
   - Implementation of consolidation, integration and cost-reduction
     measures by end of year
Group restructuring efforts initiated as part of the
"Growth and Profit 2005 - GaP'05" program at Beta Systems Software AG
(Prime Standard: BSS, ISIN DE0005224406) have been continuing at pace
and are to be implemented by the end of the year.
Focus on three business segments
As part of the reorganization process, the company will be
structured to focus on three areas of business with separate
strategies in terms of profitability and growth. For this purpose,
the marketing, sales and service functions previously pooled within
the company will be allocated directly to the respective business
segments. The profit center structure will enhance the level of
operational and financial control exercised by segment management.
IDM (Identity Management) will be responsible for developing,
marketing and distributing cross-sector solutions for the management
of digital identities and compliance with IT security standards in
large enterprises and IT service providers. The DCI (Data Center
Infrastructure) segment will focus on cross-sector solutions for
reliable, transparent and error-free IT support of business processes
in data centers. ECM (Enterprise Content Management) will supply
industry-specific solutions designed to optimize document-based
business processes within the areas of banking, insurance,
public-sector administration, industry, trade and services.
Closer proximity to customers
The new corporate structure is aimed at achieving greater
interconnection with client enterprises and increasing the level of
specialization within the company's sales and service teams in order
to tailor their activities more precisely to the specific
requirements of the various market segments. The prime objective of
these measures is faster reaction to customer demand, greater
flexibility when it comes to meeting specific requirements as well as
accelerated decision-making processes and more pronounced
entrepreneurship within the new organization.
Consolidation
The sale to TAI AG (a DZ Bank AG subsidiary) of Beta Systems'
Outsourcing Service unit, which no longer matches the company's
overall strategy, was completed in the first half of the fiscal year.
The operating results for fiscal 2004 and 2005 will be adjusted for
the results attributable to this business unit. The sale, generating
proceeds of Euro 10.4 million, will result in one-off earnings (after
taxes) of Euro 5.1 million in 2005. A Group-wide cash pool was
established when the merger with Kleindienst Datentechnik AG
officially came into force. In parallel, non-current financial
liabilities were scaled back significantly. As a result, the year-end
equity ratio will improve considerably.
Integration
By the end of the fiscal year, the remaining domestic and foreign
Kleindienst subsidiaries will either be amalgamated with the
corresponding Beta Systems enterprises or renamed. This will
contribute to a consistent Group structure requiring less
administrative input. The unit responsible for producing scanner
hardware will be transferred to a separate company.
Cost reduction
Measures to streamline cost structures, which were introduced at
the beginning of the year, have now been implemented to a large
extent by means of uniform business processes and targeted
outsourcing. These efforts included staff downsizing of around 60
jobs within the Group, which means that the headcount at the end of
2005 will be scaled back to below 750 (FY 2004: approx. 800
employees, excluding Outsourcing Service unit). As a result of these
measures, Beta Systems expects to reduce operating expenses by up to
Euro 5 million in the coming 2006 fiscal year. In 2005, ongoing
restructuring has so far produced one-off expenses of approx. Euro 2
million. The company anticipates that additional costs will be
incurred within this area over the remaining months of fiscal 2005.
Investments
The released funds will continue to be channeled into developing
new and improved products and solutions, as well as being earmarked
for targeted acquisitions that complement the company's portfolio and
more far-reaching marketing activities designed to further enhance
Beta Systems' competitiveness. Additionally, some of the funds will
flow directly into operating income and contribute to an improved EBT
margin.
Comments of the Management Board
"Thanks to our corporate realignment, Beta Systems will continue
to be synonymous with experience, innovation and
customer-orientation. The associated restructuring process within the
Group is at an advanced stage," said Dietmar Breyer, CEO of Beta
Systems Software AG. "As part of the 'GaP'05' program, we are
currently creating a corporate structure in which our company has
more opportunities to leverage its tremendous potential with regard
to profitability and growth. Our message to customers, partners,
staff and shareholders is simple: We are committed to becoming more
dynamic and successful - and we shall deliver!"
End of announcement
Beta Systems Software AG, Berlin, Germany
Beta Systems Software (Prime Standard: BSS on the German stock
market) is a leading provider of high-performance enterprise
solutions which enable companies to improve the efficiency of their
business processes in the areas of Identity Management, Enterprise
Content Management, Scheduling and Storage Management. Beta Systems'
core skills are centered on developing automated solutions that
reduce costs and qualitatively optimize the processing of large
quantities of data in z/OS, Unix, Linux and Windows environments.
Beta Systems has been listed on the stock market since 1997, has
758 employees (as of June 2005) and operates worldwide through 15 own
subsidiaries and through several corporate partners. IT service
providers and large financial services and insurance companies are
among Beta Systems' customers, as are enterprises in the areas of
trade, industry, telecommunications, logistics and energy supply, and
public authorities. For further information, please visit our website
at www.betasystems.com

Contact:

Public Relations
Leo Ganz
Beta Systems Software AG
Tel.: +49 (030) 726 118 - 678
Fax: +49 (030) 726 118 - 852
e-mail: leo.ganz@betasystems.com

Investor Relations
Arne Bassler
Beta Systems Software AG
Tel.: +49 (030) 726 118 - 170
Fax: +49 (030) 726 118 - 881
e-mail: arne.bassler@betasystems.com

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